SunSirs: The Silica Market Was Stable (December 11-15)

https://www.chemnet.com   Dec 19,2023 SunSirs

　　Price trend

　　According to the commodity market analysis system of SunSirs, as of December 15th, the average price of high-quality rubber grade silica in China was 5,933.33 RMB/ton. This week, the silica market price remained stable, and the overall market supply and demand were balanced. As of December 15th, the mainstream price was around 6,000 RMB/ton.

　　Analysis review

　　This week, the price of silica in the market remained stable, with the mainstream price around 6,000 RMB/ton. The negotiation atmosphere was flat, and downstream purchases were mainly in needed, with average demand and weak stocking enthusiasm. Manufacturers mainly offered discounts for sales, and the number of new orders was limited. Latest quotes from enterprises: Jinan Jinrihe Chemical Co., Ltd. quoted 6,000 RMB/ton, Shandong Botao Group Co., Ltd. quoted 5,600 RMB/ton, and Jinan Century Lianxing Economic and Trade Co., Ltd. quoted 6,000 RMB/ton. Overall, the price of silica was stable but weaker.

　　Chemical index: On December 14th, the chemical index was 874 points, unchanged from the previous day, a decrease of 37.57% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 46.15% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to 2011-12-01 present)

　　Market outlook

　　SunSirs' silica analyst believes that in the short term, the silica market will mainly operate steadily, with mainstream prices around 6,000 RMB/ton.

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